FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Climbs 2.04% Boosted By Petrobras, Agree

ARGENTINA: Merval Climbs 2.04% Boosted By Petrobras, Agreement With IMF

06/04/2018 - 17:39:00 (RTTNews)

(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 2.04% at 29,018.58 points Monday, boosted by the recovery in Petrobras' shares after the appointment of a new CEO. The banking sector also helped to keep the Merval higher.

Among the main reasons for the good mood in the market, there is also the expectation of an agreement between Mauricio Macri's administration and the International Monetary Fund (IMF) to be announced in the next few days. There are rumors that Argentina's Finance Minister Nicolas Dujovne would travel to the United States this week to coordinate the final details.

The shares of Valo (+8.51%), Grupo Galicia (+7.10%), and Petrobras (+5.50%) closed higher, while Tenaris (-2.72%), Aluar (-2.20%), and Transportadora de Gas del Sur (-1.58%) fell.

The locally traded U.S. dollar fell0.04%, to 24.97 Argentinean pesos, while the local market waits for news from the negotiations with the International Monetary Fund (IMF).

"Banco Nacian continues to assist and provide liquidity to the market by selling a good amount in the spot market - an estimated US$ 150 million - and there was no need to the BCRA [Central Bank] to sell in the market, but selling in the futures to the end of June, July and August," said analysts at ABC Mercado de Cambios.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: Government To Wait For Supreme Court Ruling On Freight Table (01 hr(s), 12 min(s), 03 sec(s) ago)
(RTTNews) - President Michel Temer said Monday that the Brazilian government should await the deci ...Full Story»

BRAZIL: DI Rates Open Higher With Trade War, USD, Before Monetary Decision (01 hr(s), 21 min(s), 03 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil opened higher Tuesday ...Full Story»

Draghi Reiterates ECB To Remain Patient In Hiking Rates (02 hr(s), 48 min(s), 03 sec(s) ago)
(RTTNews) - European Central Bank President Mario Draghi reiterated on Tuesday that the bank will ...Full Story»

U.S. Housing Starts Jump More Than Expected But Building Permits Plummet (04 hr(s), 33 min(s), 03 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Tuesday showing a much bigger than ...Full Story»

China Adds More Stimulus As Trade Dispute Escalates (05 hr(s), 12 min(s), 03 sec(s) ago)
(RTTNews) - China's central bank added more funds into the financial system on Tuesday after t ...Full Story»

U.S. Housing Starts Jump More Than Expected In May (05 hr(s), 10 min(s), 03 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Tuesday showing a much bigger than ...Full Story»

Hungary's Central Bank Keeps Rates Unchanged (05 hr(s), 41 min(s), 03 sec(s) ago)
(RTTNews) - Hungary's central bank maintained its interest rates, as widely expected, on Tuesd ...Full Story»

Portugal PPI Inflation At 1-Year High (07 hr(s), 11 min(s), 03 sec(s) ago)
(RTTNews) - Portugal's producer price inflation accelerated further in May to the highest leve ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Government To Wait For Supreme Court Ruling On Freight Table

06/19/2018 - 12:42 PM (RTTNews)
(RTTNews) - President Michel Temer said Monday that the Brazilian government should await the deci ...Full Story>>

BRAZIL: DI Rates Open Higher With Trade War, USD, Before Monetary Decision

06/19/2018 - 12:33 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil opened higher Tuesday ...Full Story>>

Draghi Reiterates ECB To Remain Patient In Hiking Rates

06/19/2018 - 11:06 AM (RTTNews)
(RTTNews) - European Central Bank President Mario Draghi reiterated on Tuesday that the bank will ...Full Story>>

U.S. Housing Starts Jump More Than Expected But Building Permits Plummet

06/19/2018 - 09:21 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Tuesday showing a much bigger than ...Full Story>>

U.S. Housing Starts Jump More Than Expected In May

06/19/2018 - 08:44 AM (RTTNews)
(RTTNews) - While the Commerce Department released a report on Tuesday showing a much bigger than ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.